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Active
    • Price cut: $10K (7/29)
    $499,900

    865 Madison Avenue, Albany, NY 12208

    9beds
    5,298sqft
    Multi Family, Apartment
    Built in 1900
    -- sqft lot
    $500,400 Zestimate®
    $94/sqft
    $-- HOA

    What's special

    Rear garage
    Located near the former College of Saint Rose campus, this Albany multi-family property presents a solid opportunity with strong rental potential. The building includes 5 one-bedroom apartments and 2 two-bedroom apartments, offering a desirable apartment mix for steady income. While the property could benefit from some light updates, it provides excellent upside for investors. Features include hardwood floors throughout the first and second levels, a rear garage, and 4 off-street parking spaces. The property is in good overall condition--an excellent value-add opportunity with long-term potential.
    158 days
    337
    10

    Zillow last checked:

    Listing updated:

    Listed by:

    Wagner Real Estate Group 518-378-5741,

    Philip W Wagner 518-378-5741

    Source: Global MLS,MLS#: 202613988MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 9
      • Bathrooms: 7
      • Full bathrooms: 7
      Heating
      • Baseboard, Radiant, Natural Gas
      Cooling
      • None
      Features
      • Flooring: Vinyl, Hardwood
      • Basement: Unfinished
      Interior area
      • Total structure area: 5,298
      • Total interior livable area: 5,298 sqft
      • Finished area above ground: 5,298
      • Finished area below ground: 2,124
      Video & virtual tour

      Property

      Parking
      • Total spaces: 4
      • Parking features: Off Street, Detached, Garage
      • Garage spaces: 4
      Features
      • Patio & porch: Porch
      • Exterior features: None
      Lot
      • Size: 5,662 Square Feet
      Details
      • Parcel number: 010100 65.61426
      • Special conditions: Other

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family, Apartment
      • Attached to another structure: Yes
      Materials
      • Aluminum Siding, Clapboard, Vinyl Siding
      • Roof: Rubber,Asbestos Shingle
      Condition
      • Year built: 1900

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      HOA
      • Has HOA: No
      Location
      • Region: Albany

      Financial & listing details

      • Price per square foot: $94/sqft
      • Annual tax amount: $9,166
      • Date on market: 3/27/2026
      • Tenant pays: Hot Water, Heat, Internet, Electricity, Gas

        Estimated market value

        $500,400

        $475,000 - $525,000

        $1,924/mo

        Price history

        DateEventPrice
        7/29/2026Price change$499,900-2%$94/sqft
        Source: Global MLS #202613988 Report a problem
        7/8/2026Price change$509,900-1.9%$96/sqft
        Source: Global MLS #202613988 Report a problem
        6/15/2026Price change$519,900-1.9%$98/sqft
        Source: Global MLS #202613988 Report a problem
        6/9/2026Price change$529,900-1.9%$100/sqft
        Source: Global MLS #202613988 Report a problem
        6/2/2026Price change$539,900-1.8%$102/sqft
        Source: Global MLS #202613988 Report a problem
        5/27/2026Price change$549,900-8.3%$104/sqft
        Source: Global MLS #202613988 Report a problem
        4/7/2026Price change$599,900-11.8%$113/sqft
        Source: Global MLS #202613988 Report a problem
        3/27/2026Listed for sale$679,900+54.5%$128/sqft
        Source: Global MLS #202613988 Report a problem
        1/12/2021Sold$440,000-4.1%$83/sqft
        Source: Global MLS #202020721 Report a problem
        9/8/2020Contingent$459,000$87/sqft
        Source: Global MLS #202020721 Report a problem
        7/29/2020Pending sale$459,000$87/sqft
        Source: Hamel Real Estate LLC #202020721 Report a problem
        7/2/2020Listing removed$700
        Source: Hamel Real Estate LLC #202021289 Report a problem
        6/30/2020Listed for rent$700-3.4%
        Source: Hamel Real Estate LLC #202021289 Report a problem
        6/23/2020Listed for sale$459,000$87/sqft
        Source: Hamel Real Estate LLC #202020721 Report a problem
        4/1/2020Listing removed$459,000$87/sqft
        Source: Hamel Real Estate LLC #201934189 Report a problem
        3/7/2020Price change$459,000-8.2%$87/sqft
        Source: Hamel Real Estate LLC #201934189 Report a problem
        2/17/2020Listing removed$725
        Source: Hamel Real Estate LLC #202012458 Report a problem
        2/8/2020Listed for rent$725-27.5%
        Source: Hamel Real Estate LLC #202012458 Report a problem
        12/15/2019Pending sale$500,000$94/sqft
        Source: Hamel Real Estate LLC #201934189 Report a problem
        11/4/2019Listed for sale$500,000$94/sqft
        Source: Hamel Real Estate LLC #201934189 Report a problem
        10/8/2019Listing removed$1,000
        Source: Hamel Real Estate LLC #201927455 Report a problem
        8/9/2019Listed for rent$1,000+42.9%
        Source: Hamel Real Estate LLC #201927455 Report a problem
        1/30/2019Listing removed$700
        Source: Hamel Real Estate LLC #201832996 Report a problem
        11/9/2018Listed for rent$700-30%
        Source: Hamel Real Estate LLC #201832996 Report a problem
        8/1/2018Listing removed$1,000
        Source: Hamel Real Estate LLC #201824997 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: Pine Hills

        Getting around

        85 / 100
        Very Walkable
        55 / 100
        Good Transit
        68 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • High: Albany

        Source: Global MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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